The global bioherbicides market is growing at a significant rate due to the increasing demand for organic products. The market for bioherbicides was valued at USD 698.7 Million in 2015 and is projected to grow at a CAGR of 14.5% from 2016, to reach USD 1,573.7 Million by 2021. The main objectives of the report are to define, segment, and project the size of the global market for bioherbicides with respect to source, application mode, application, formulation, and region, provide detailed information regarding the key factors influencing the growth of the market, and strategically profile key players and comprehensively analyze their core competencies.

Years considered for this report

2015 – Base Year2016 – Estimated Year2021 – Projected Year

Research Methodology

This research study involves the extensive usage of secondary sources to identify and collect information useful for this technical, market-oriented, and commercial study of the bioherbicides market. The primary sources are mainly several industry experts from core and related industries and preferred suppliers, manufacturers, distributors, service providers, reimbursement providers, technology developers, alliances, and standard and certification organizations related to all the segments of this industry’s value chain. In-depth interviews have been conducted with various primary respondents, including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants among other experts to obtain and verify critical qualitative and quantitative information as well as to assess future prospects.

The value chain of bioherbicide begins with R&D and product development, in which the selection of source and the quality of the product are determined by the requirement of the product. It also includes the customization of the biofertilizer products, testing and selection of the source according to the weed type, and also the necessary regulatory approvals. The value chain helps in bringing about co-ordination among stakeholders such as Emery Oleochemicals (Malaysia), Deer Creek Holdings (U.S.), Verdesian Life Sciences, LLC (U.S.), Marrone Bio Innovations Inc. (U.S.), Certified Organics Australia Pty Ltd (Australia) among others, for smooth business operations.

Target Audience

The stakeholders for the report include:

Bioherbicide manufacturers

Bioherbicide importers and exporters

Government regulatory authorities and research organizations

Bioherbicide associations and industry bodies

Organic certification agencies

Crop producers and exporters

Scope of the Report

This study includes analysis of value chain, Porter’s Five Forces model, and competitive landscape, market dynamics, market estimates in terms of value, volume, and future trends in the bioherbicides market. This report categorizes the global market for bioherbicides on the basis of source, formulation, application, application mode, and region.

On the basis of Source, the Bioherbicides market is segmented as follows:

Microbials

Biochemical

Others (plant phytotoxic residues & other botanical extracts)

On the basis of Application mode, the market for Bioherbicides is segmented as follows:

Seed

Soil

Foliar

Post-harvest

On the basis of Application, the market forBioherbicides is segmented as follows:

Agricultural crop type

Non-agricultural crop type

On the basis of Formulation, the market forBioherbicides is segmented as follows:

Granular

Liquid

Others (pellets & dust/powder form)

On the basis of Region, the market forBioherbicides is segmented as follows:

The market size for bioherbicides is projected to reach USD 1,573.7 Million by 2021, at a CAGR of around 14.5% from 2016. The global bioherbicides market has grown exponentially in the last few years. Asia-Pacifc countries such as China, Japan, and India are the primary targets of the industry. Increasing demand for organic products, reduced chemical hazards and easier residue management, improved results in yield, quality, and productivity, and support from the government are some of the major driving factors for this market.

On the basis of source, the market for bioherbicides is segmented into microbials, biochemicals, and others (plant phytotoxic residues & other botanical extracts). The microbials segment accounted for the largest market share and is projected to grow at the highest CAGR during the forecast period due to significant increase in the use of microbial sources of bioherbicides. Furthermore, one of the main reasons is that it provides a wide range of health benefits to the agricultural industry as it provides sustainable and cost-effective solutions to increase plant yield. They preserve and protect the environment and are thus beneficial to the farmers.

The market for bioherbicides, based on application mode, is segmented into seed, soil, foliar, and post-harvest. The foliar segment accounted for the largest share in the global market in 2015. The foliar segment in the bioherbicides market is growing due to continuous technological advancements along with growing economies. The middle-class income also increases the demand of organic products which in turn is driving the demand of bioherbicides in this segment.

On the basis of formulation, the market for bioherbicides is segmented into granular, liquid, and others (pellets & dust/powder form). The liquid formulation is projected to grow at the highest CAGR during the forecast period. Liquid herbicides are gaining a substantial position in bioherbicides as they are of low cost, help in increasing the shelf life of the bioherbicides, and can be applied easily.

The Asia-Pacific region is projected to grow at the highest CAGR during the forecast period owing to adoption of organic farming practices and growing demand for food safety & quality in the region.

The major restraints of the bioherbicides market include low consumer adoption & non-availability and low shelf life of bioherbicides. The market for bioherbicides is moderately competitive and less concentrated due to the presence of a few number of large- and small-scale firms. Expansions, new product developments, and agreements are the key strategies adopted by market players to ensure their growth in this market. Players such as Emery Oleochemicals (Malaysia), Deer Creek Holdings (U.S.), Verdesian Life Sciences, LLC (U.S.), Marrone Bio Innovations Inc. (U.S.), and Certified Organics Australia Pty Ltd (Australia) collectively accounted for the largest portion of the bioherbicides market till June 2016.

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